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JSW Steel, , HDFC Asset Management, Consumer, Atul, Coforge, HFCL, , Vardhman Textile and Supreme Petrochem are among the companies that will announce their results for the quarter ending June 2022.
Emma: Major FMCG has announced its entry into the pet care industry by acquiring a 30% stake in a startup for an undisclosed amount. However, the company clarified that it is not part of the pet food segment, the main revenue generator of the multi-billion dollar industry.
Recorder: The leading multiplex channel operator reported a consolidated net profit of Rs 53.38 crore for the June quarter. The company had posted a net loss of Rs 219.44 crore in the April to June quarter a year ago.
Biocon: The biotech major said the US health regulator issued three observations after inspecting its Telangana-based manufacturing plant. The United States Food and Drug Administration (USFDA) concluded a pre-approval inspection for Site 3 located in Hyderabad on July 20.
RBL Bank: The private sector lender reported a consolidated net profit of Rs 208.66 crore in the June quarter, compared to a loss of Rs 462.25 crore a year ago. It had reported a net profit of Rs 164.77 crore in the previous March quarter. On a stand-alone basis, its profit after tax stood at Rs 201.16 crore for the reporting quarter.
Hindustan Zinc: The metal miner reported a 55.9% increase in its consolidated net profit to Rs 3,092 in the June quarter, mainly due to higher metal prices. The company had recorded a consolidated net profit of Rs 1,983 crore in the first quarter of the previous fiscal year.
Customer: The IT services player recorded a 0.9% increase in net profit to Rs 116.1 crore for the quarter ended June 2022, while group revenue at Rs 1,250.1 crore increased by 5.8 % QoQ and 18.1% YoY. Revenue growth in constant currency was 4.4% on a quarterly basis, compared to 15.8% on an annual basis.
IndiaMART InterMESH: The B2B e-commerce company reported a 47% drop in net profit to Rs 47 crore, helped by its operating profit. However, its revenue increased by 7% year-on-year to Rs 226 crore.
CSB Bank: The private lender reported an 87% rise in its June quarter net profit to Rs 114.5 crore, due to a sharp reduction in cash set aside for loan losses. The bank had reported a net profit of Rs 61 crore in the period a year ago.
JSW Energy: The utility player said its net profit jumped 179% to Rs 560 crore in the June quarter, mainly on higher revenue. Profit after tax stood at Rs 560 crore, up 179% year-on-year from a PAT of Rs 201 crore in the corresponding period of the previous year.
Titles ICICI: The brokerage firm reported a 12% decline in net profit to Rs 273 crore in the June quarter despite an increase in revenue over the same period. The company’s revenue rose 6% to Rs 795 crore in the first quarter of this fiscal year on healthy growth in retail and distribution revenue.
IDBI Bank: The private lender reported a 25% increase in its after-tax autonomous profit (PAT) to Rs 756 crore in the quarter ended June, driven by improved asset quality, better recoveries and lower provisions. The lender had reported a net profit of Rs 603 crore on a stand-alone basis in the prior year quarter.
Hitachi Energy India: The sustainable energy company’s net profit fell nearly 92% year-on-year to Rs 1.34 crore in the June quarter, mainly due to rising raw material costs and bottlenecks supply chain bottleneck. The company had reported a net profit of Rs 16.30 crore in the quarter ended June 30, 2022.
NLC India: The power utility company said its board has approved investment proposals worth Rs 14,944.91 crore for setting up power and mining projects in Tamil Nadu. The company, which falls under the Ministry of Coal, plans to invest more than Rs 43,000 crore in various energy and mining projects.
PCBL: Major RP Group carbon black company Sanjiv Goenka said it posted a 21% increase in its consolidated net profit to Rs 126 crore for the first quarter ended June 2022, compared to the corresponding period profit of Rs 104 crores of rupees recorded the previous year.
India Tube Investments: The part of diversified conglomerate Murugappa Group is diversifying its business into the electronics and components segment by acquiring a 76% stake in Moshine Electronics, the company said. TII said it identified electronic products and components as the growth sector.
New Delhi Television: The SAT has reduced the penalties imposed by Sebi on NDTV and its promoters Prannoy Roy, Radhika Roy and RRPR Holding to Rs 5 crore from Rs 25 crore in a case related to the non-disclosure of a loan deal. Furthermore, the Appeal Tribunal reduced the fine imposed on NDTV to Rs 10 lakh from Rs 5 crore.
Rane (Madras): The steering and suspension products maker reported an increase of more than 400% in its autonomous profit after tax for the quarter ending June 30, 2022 to Rs 20.1 crore. The part of diversified conglomerate Rane Group, reported a standalone PAT at Rs 3.7 crore in the corresponding quarter of the previous year.